MANTRA DAO is a DeFi platform focused on staking, lending, and cross-chain DeFi applications. It places a strong emphasis on community governance. Through the platform’s karma protocol, users are assigned scores based on their contributions. Users with a higher karma score receive greater benefits. MANTRA DAO offers peer-to-peer lending and borrowing, decentralised crypto swaps, and stablecoin minting.
OM is MANTRA DAO’s utility token. It’s used for staking, lending, and voting on governance proposals. In addition, holders of OM can access a lottery pool to earn 25% of the week’s PoS validator rewards.